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Grant of Options

SVT, C.ENRT

RNS Number : 3435Z
Fevertree Drinks PLC
26 May 2016
 

26 May 2016

Fevertree Drinks plc

Grant of Options

 

Fevertree Drinks plc (the "Company") announces the grant of options over 294,688 ordinary shares of 0.25 pence each ("Ordinary Shares") in the Company at nil cost with an exercise price of 0.25 pence each in accordance with the Disclosure and Transparency Rules.

On 24 May 2016 the following options were issued to the Company's Executive Directors, pursuant to the Company's Long Term Incentive Plan ("LTIP"), the introduction of which was approved by the Company's shareholders at the Company's Annual General Meeting held on 21 April 2016 ("AGM"):

 

Name

Title

Number of share options granted

Performance period

Vesting period

Exercise price

Tim Warrillow

Chief Executive Officer

115,299

1 January 2016 to 31 December 2018

3 years commencing on 24 May 2016

0.25p per share

Charles Rolls

Executive Deputy Chairman

115,299

1 January 2016 to 31 December 2018

3 years commencing on 24 May 2016

0.25p per share

Andy Branchflower

Finance Director

50,095

1 January 2016 to 31 December 2018

3 years commencing on 24 May 2016

0.25p per share

Andy Branchflower

Finance Director

13,995

No performance condition

12 months commencing on 24 May 2016

0.25p per share

 

The number of Ordinary Shares stated is the maximum number that could be issued to each Executive Director upon full satisfaction of the performance conditions (if applicable) attached to the 2016 awards.

The performance conditions are based on the achievement of targets linked to the Company's (i) 2018 turnover and (ii) 2018 EBITDA.

For further information:

Fevertree Drinks plc

c/o FTI +44 (0)20 3727 1000

Tim Warrillow, Co-founder and CEO

 

Charles Rolls, Co-founder and Executive Deputy Chairman

 

Andy Branchflower, Finance Director

 

 

 

FTI Consulting - Financial PR

+44 (0)20 3727 1000

Jonathon Brill

 

Oliver Winters

 

Tom Hufton

 

 

 

Investec Bank plc - Nominated Adviser and Broker

+44 (0)20 7597 4000

Garry Levin

 

Matt Lewis

 

Symmie Swil

 

David Anderson

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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